$SNDK A quick premarket look at SanDisk
The 4-hour chart is rebounding from the zero line, but the upward momentum has clearly weakened. Momentum is also fading on the 2-hour chart.
The 30-minute MACD has crossed below the zero line, so the intraday bias is bearish.
The premarket price is 1723, up just 0.23% from Friday's close. That small gain won't stop the price from moving lower.
Pullback targets: first 1679, then 1617.
After the open, keep a close eye on the 4-hour chart.
The 4-hour chart is rebounding from the zero line, but the upward momentum has clearly weakened. Momentum is also fading on the 2-hour chart.
The 30-minute MACD has crossed below the zero line, so the intraday bias is bearish.
The premarket price is 1723, up just 0.23% from Friday's close. That small gain won't stop the price from moving lower.
Pullback targets: first 1679, then 1617.
After the open, keep a close eye on the 4-hour chart.